Trans-Pacific Partnership (TPP) Trade Deal

 

The 2005 Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4) is a free trade agreement between BruneiChileNew Zealand, and Singapore. It aims to further liberalise the economies of the Asia-Pacific region.

 

Since 2010, negotiations have been taking place for theTrans-Pacific Partnership (TPP), a proposal for a significantly expanded version of TPSEP. The TPP is a proposed free trade agreement under negotiation by (as of August 2013) AustraliaBruneiChileCanadaJapan, MalaysiaMexicoNew ZealandPeruSingapore, the United States, and Vietnam.

 

The TPP is ostensibly intended to be a "high-standard" agreement specifically aimed at emerging trade issues in the 21st century. These ongoing negotiations have drawn criticism and protest from the public, advocacy groups, and elected officials, in part due to the secrecy of the negotiations, the expansive scope of the agreement, and a number of controversial clauses in drafts leaked to the public.

 

On November 13, 2013, a complete draft of the treaty's Intellectual Property Rights chapter was published by WikiLeaks.

 

Please read more here.